Verisk Analytics (NASDAQ:VRSK) Issues FY24 Earnings Guidance

Verisk Analytics (NASDAQ:VRSK) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.30 to $6.60 for the period, compared to the consensus earnings per share estimate of $6.58. The company issued revenue guidance of $2.840 billion to $2.900 billion, compared to the consensus revenue estimate of $2.87 billion. Verisk Analytics also updated its FY 2024 guidance to 6.300-6.600 EPS.

Analysts Set New Price Targets

Several brokerages recently issued reports on VRSK. Evercore ISI reiterated an “in-line” rating and issued a $279.00 target price on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada increased their price target on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Robert W. Baird lifted their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Verisk Analytics presently has a consensus rating of “Moderate Buy” and an average price target of $281.08.

Verisk Analytics Price Performance

NASDAQ VRSK traded up $0.76 during midday trading on Friday, hitting $275.48. The company had a trading volume of 979,562 shares, compared to its average volume of 798,094. The firm has a 50-day moving average price of $269.07 and a 200-day moving average price of $262.24. The company has a market capitalization of $39.23 billion, a PE ratio of 42.98, a P/E/G ratio of 3.50 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.95 and a debt-to-equity ratio of 8.36. Verisk Analytics has a twelve month low of $217.34 and a twelve month high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. Verisk Analytics’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. As a group, analysts anticipate that Verisk Analytics will post 6.58 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.57%. Verisk Analytics’s payout ratio is 24.34%.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the sale, the chief financial officer now owns 15,808 shares in the company, valued at $4,289,184.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.